Questions from General Accounting


Q: Using the data in BE3-5, journalize and post the

Using the data in BE3-5, journalize and post the entry on July 1 and the adjusting entry on December 31 for Randle Insurance Co. Randle uses the accounts Unearned Insurance Revenue and Insurance Reven...

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Q: Sembotix Company has several divisions including a Semiconductor Division that sells semiconductors

Sembotix Company has several divisions including a Semiconductor Division that sells semiconductors to both internal and external customers. The company’s X-ray Division uses semiconductors as a compo...

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Q: Exoplex Industries Inc. is a diversified aerospace company, including two

Exoplex Industries Inc. is a diversified aerospace company, including two operating divisions, Semiconductors and Navigational Systems divisions. Condensed divisional income statements, which involve...

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Q: The Eastern District of Adelson Inc. is organized as a cost

The Eastern District of Adelson Inc. is organized as a cost center. The budget for the Eastern District of Adelson Inc. for the month ended December 31 is as follows (in thousands): Sales salaries ……...

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Q: Thomas Railroad Company organizes its three divisions, the North (N

Thomas Railroad Company organizes its three divisions, the North (N), South (S), and West (W) regions, as profit centers. The chief executive officer (CEO) evaluates divisional performance using incom...

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Q: In teams, visit the website of a company that uses the

In teams, visit the website of a company that uses the balanced scorecard to evaluate its performance. Identify the performance measures used by the company on its balanced corecard. For each measure,...

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Q: The Norsk Division of Gridiron Concepts Inc. has been experiencing revenue

The Norsk Division of Gridiron Concepts Inc. has been experiencing revenue and profit growth during the years 20Y6–20Y8. The divisional income statements follow: There are no service...

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Q: The Customer Service Department of Door Industries Inc. asked the Publications

The Customer Service Department of Door Industries Inc. asked the Publications Department to prepare a brochure for its training program. The Publications Department delivered the brochures and charge...

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Q: The three divisions of Yummy Foods are Snack Goods, Cereal,

The three divisions of Yummy Foods are Snack Goods, Cereal, and Frozen Foods. The divisions are structured as investment centers. The following responsibility reports were prepared for the three divis...

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Q: Last Resort Industries Inc. is a privately held diversified company with

Last Resort Industries Inc. is a privately held diversified company with five separate divisions organized as investment centers. A condensed income statement for the Specialty Products Division for t...

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